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Indian shredded scrap prices weaken again on softer US export markets

February 07, 2012 - 17:11 GMT Location: London

KEYWORDS: India , ferrous scrap , scrap , ferrous scrap prices , steel scrap prices , USA

Prices for shredded ferrous scrap imported into India weakened slightly on Tuesday February 7, as US exporters lowered their offer prices to entice more trade, market participants told Metal Bulletin.

Import prices fell to $460-470 per tonne cfr Nhava Sheva for shredded material in containers, from $465-470 cfr last week. HMS 1&2 prices were unchanged at $440-450 per tonne cfr Nhava Sheva. An influx of US material has undermined import prices from other regions into India, market participants said. “We...

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Ferrous

May 24, 2012 14:50 DAILY SCRAP REPORT: Small Black Sea buyers sell off cargoes
May 24, 2012 00:29 Harsco renews three multiyear contracts in US
May 23, 2012 14:45 DAILY SCRAP REPORT: Index unchanged on lack of new offers
May 23, 2012 10:24 China halts scrap imports on weak domestic market
May 23, 2012 08:53 SE Asia scrap prices down $15-20 as buyers await market cues

Ferrous Scrap

May 24, 2012 14:50 DAILY SCRAP REPORT: Small Black Sea buyers sell off cargoes
May 24, 2012 00:29 Harsco renews three multiyear contracts in US
May 23, 2012 14:45 DAILY SCRAP REPORT: Index unchanged on lack of new offers
May 23, 2012 10:24 China halts scrap imports on weak domestic market
May 23, 2012 00:35 US recyclers facing bankruptcy filings

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